1.6. In 2008, the wholesale price of the generic drug fluoxetine

(the generic for Prozac) was $3.60 per 100.

a. Given that the cost of dispensing this drug was about

$5 to $10 per prescription, how much would you expect the drug to sell for?

b. A prescription for 100 tablets of fluoxetine sold for $54 at DrugStore.com and sold for similar prices at other pharmacies. What would you conclude about the market structure, given that information?

c. At Pharmnet.com one could buy 100 fluoxetine tablets for $26. If this was true, what can we say about drug market imperfections?